Russia prepares to attack the petrodollar

[Pirocco]

I don't look at a crisis as an opportunity, maybe that's why I don't search for it in every corner too.

 

[Pirocco]

If the BRICS countries are so called against the dollar, why do they then buy US Treasuries?
BRICS totals US Treasuries (billion dollars):
Jan 2007: 422.4
Jan 2008: 684.1
Jan 2009: 1025.2
Jan 2010: 1215
Jan 2011: 1532.2
Jan 2012: 1587.7
Jan 2013: 1702.7
Jan 2014: 1732.5
Look at how the crisis made these BRICS countries support the dollar.
Whoever that 'VoiceOfRussia' is, apparently it's not those that decide about dollar Treasuries.

What happens if they get dumped all at once ?

Then BRICS people have no dollars to buy foreign stuff with?

 

[TreasureHunter]

If the BRICS countries are so called against the dollar, why do they then buy US Treasuries?
BRICS totals US Treasuries (billion dollars):
Jan 2007: 422.4
Jan 2008: 684.1
Jan 2009: 1025.2
Jan 2010: 1215
Jan 2011: 1532.2
Jan 2012: 1587.7
Jan 2013: 1702.7
Jan 2014: 1732.5
Look at how the crisis made these BRICS countries support the dollar.
Whoever that 'VoiceOfRussia' is, apparently it's not those that decide about dollar Treasuries.

What happens if they get dumped all at once ?

Then BRICS people have no dollars to buy foreign stuff with?

I personally think China and Russia will shop their dollars away. They can't sell them in huge chunks, because that would bring the price down, but they can certainly use it for investing.

Nowadays less and less are accepting US dollars, so it will be harder and harder to use up the dollars.

I suppose 3rd World countries will continue accepting US dollars for a long time. The poor fellow will probably remain with big stacks of dollars by the time it'll be worth the paper it's printed on or/not printed on.

 

[tolly_67]

Capital will always flee conflict to the furtherest safe place.
Since the moon does not have a currency or a stockmarket, the U.S. is the next best thing.
It is also the one most likely to boom because of the conflict.
Keeping writing off the dollar at your own peril.

 

[alor]

So far, I didn't see much unfolding.
Lotsa blabla, some decisions, not much materialized and consequences so far are 'we'll see'.
I learnt to not believe so called government conflicts as easy as before.
Because, I've seen too much hindsight the other way than was pointed to.
Let's see what will have remained over a year of this story.
Back end 2010 begin 2011, I also acted upon a story, and hurried after lotsa hesitating. Hindsight? I could have waited 3 years, and still pay a $10 lower price than now. A crisis is not what it seems. The world didn't go under in 1930. Also not in 1980. It didn't in 2000 and still didn't in 2008.
Some people lost alot money, and others spent it in their place. And this also happened among people that acted to avoid it. Take the stock market in 2008. Lotsa sold shares thinking of Doom. Well, we're 6 years later and stock markets sit back on even higher levels. Those that didn't sell at the peak, and didn't sell at the bottom, have now again a chance to get out at a top. So far the hurry in 2008.
What DO I care then? That I'm independent. That I control things myself, not relying on third parties. The rest I'll see, and won't make much of a difference, regarding what I could have done. Doing nothing is sometimes better than doing something. But always doing nothing is a guaranteed loser. Why? Because doing nothing is what is easiest, and competition routes that out equally easily..

on the surface, nothing change really, but people who went into the bankrupt stocks, they were never heard of again. Some money were lost there, some many just change hands but for an opportunists, there are money everywhere.

 

[Pirocco]

What happens if they get dumped all at once ?

Then BRICS people have no dollars to buy foreign stuff with?

I personally think China and Russia will shop their dollars away. They can't sell them in huge chunks, because that would bring the price down, but they can certainly use it for investing.

Nowadays less and less are accepting US dollars, so it will be harder and harder to use up the dollars.

I suppose 3rd World countries will continue accepting US dollars for a long time. The poor fellow will probably remain with big stacks of dollars by the time it'll be worth the paper it's printed on or/not printed on.

As the figures indicate, they don't shop their dollars way, rather the contrary.
And this just once again confirms that despite all the blabla, all those governments nicely work together. Regardless the stories that pop up and go around to disappear again.
And that has a simple reason: it was their very goal to join. That's how you neutralize speculators money: give them the idea of conflict as to lure them in a trend after a swap, then bring them in the red by reversing the swap, then repeat.
This technique has been given various names in history.
"Snake in the tunnel" is one of them. Look it up.
Some years ago I came across the terminology in an old book.
It turnt out to be a magnificent search string. And it's where it all starts for them.
The Single Market doctrine.
Insert killing competition for private sector, as to weed a many small ones out towards a few big ones, privilege and bail those out, make them run in governments errand.
Destroy competition for public sector along price agreements (read: "tax harmonisation") and systemwide cooperation in eliminating tax evasion.
Start getting the picture?
It's easy to foresee where this doctrine leads to.
Focuses, including this dollar one, will turn out as having been useless.

 

[Pirocco]

on the surface, nothing change really, but people who went into the bankrupt stocks, they were never heard of again. Some money were lost there, some many just change hands but for an opportunists, there are money everywhere.

If nothing changes on the surface then it means that what happens under it is irrelevant.

 

[lucky luke]

...........
I suppose 3rd World countries will continue accepting US dollars for a long time. The poor fellow will probably remain with big stacks of dollars by the time it'll be worth the paper it's printed on or/not printed on.

how ironic............ in the eyes of many from the US, the BRIC nations are supposedly "3rd World countries".